Skip to comments.Fidelity Investments holds big fundraiser for Barney Frank
Posted on 07/21/2014 6:46:39 PM PDT by mgist
Fidelity Investments holds big fundraiser for Barney Frank, raising thousands of dollars for his campaign fund. Supporting Congressman connected to financial crisis, hate crimes bill, more.
May 5, 2009 US Rep. Barney Frank (D-Mass.) is probably among the most despised members of Congress these days. As Chairman of the House Banking Committee, most people have seen his arrogant, condescending manner in various television interviews over the past several months.
Barney Frank's recent activities seem to range across the spectrum (and this is just his recent stuff):
Financial meltdown. Frank's complicity in this country's financial crisis has become legendary. This includes Frank's very public homosexual affair with Herb Moses, a high-paid executive with Fannie Mae. At the same time, Frank opposed government restrictions on risky activities by Freddy Mac and Fannie Mae which led directly to terrible consequences. (How's your 401(k) doing?)
Hate crimes. Barney Frank was a co-sponsor and major proponent of the onerous Hate Crimes bill passed by the US House last week, Local Law Enforcement Hate Crimes Prevention Act of 2009, which would punish thoughts, rather than actions, regarding sexual orientation and "gender identity" in America. The terms "sexual orientation" and "gender identity" remain undefined in the legislation.
Transgender agenda. Rep. Frank recently got a step up on the hate crimes bill (protecting the employment of transsexuals) by hiring a woman with a hormone-induced beard and mustache who dresses as a man to serve on his Washington staff in the US Capitol. (See MassResistance blog report.)
Homosexual programs in schools. This past weekend Barney Frank came to Boston to raise money for PFLAG, a homosexual activist group that targets kids in the public schools, and puts on various homosexual, bisexual, and transgender events for kids and adults, many extremely radical.
Well, it turns out that not everyone is upset with ol' Barney. Boston-based Fidelity Investments wants to make sure that Frank wins his next election. So a few weeks ago they "reached out" to him and threw a fund-raiser for Frank at their downtown Boston offices, netting $28,000 for Frank's campaign fund, which was reported in the Boston Herald last week, in the article below.
In our eyes, this represents the rock-bottom worst of politics and big business. Is there no such thing as morals and principles? Is there no end to selling out? What about Barney Frank's Republican opponent, Earl Sholley, who has announced he will challenge him again next year? If you have any investments with this company, this ought to tell you something.
Fidelity banks on Barney Frank Honchos host fund-raiser for finance panel's chief By Jay Fitzgerald, Boston Herald Thursday, April 23, 2009
Fidelity chairman Edward "Ned" Johnson wasn't kidding when he recently said his firm was beefing up its clout within Washington circles at a time of expected regulatory changes for the financial sector.
Boston-based Fidelity last month hosted a fund-raiser for U.S. Rep. Barney Frank at its downtown offices, and company executives dished out $28,000 in individual donations to the powerful chairman of the House Financial Services Committee.
Among executives who gave money to Frank were Abby Johnson, Ned's daughter, and Rodger Lawson, president of Fidelity. Both gave Frank $2,400 each, federal records show.
In all, about 27 Fidelity workers donated to Frank's campaign during the first quarter. Their donations accounted for about two-thirds of all the individual donations Frank received during the three-month period.
Ned Johnson himself was not listed as a donor.
But Frank, a Newton Democrat expected to play a major role in drafting new financial regulations, also received $2,500 last month from Fidelity's political action committee, records show.
Fund-raising "doesn't influence" the congressman, said a spokesman, while adding that Frank appreciates Fidelity's support.
"The fact they (Fidelity executives) reached out is welcome," said Frank spokesman Jim Segel.
A Fidelity spokesman said it's not uncommon for Fidelity employees to get involved in public affairs.
"We feel it's important to communicate with public officials about the importance of a strong economy and financial-services industry," said spokesman Vin Loporchio.
But Jim Lowell, editor of the independent Fidelity Investor newsletter, said he's never heard of Fidelity backing Frank or other lawmakers to such an extent.
Still, Lowell he said he's not surprised by Fidelity's fund-raiser for Frank, considering that Ned Johnson earlier this year vowed in an annual report to strengthen Fidelity's government and public-affairs unit amid increasing calls for more financial regulations.
Fidelity's political action committee has contributed to Frank and other lawmakers in past years.
But the Washington Independent, the online arm of the Center for Independent Media, recently reported that individual Fidelity employees had given Frank only $3,750 over the previous two decades - until last month's fund-raiser.
Lowell said Frank, an old-fashioned liberal, and Johnson, a conservative who recently ridiculed "make work" government programs, make for "interesting" allies.
Article on Herald website
When we called the Fidelity executive offices to ask about this, they were pretty snippy about it. The person we talked to said she knew what we were asking about, but they will not comment on anything about Fidelity that appeared in the newspaper -- though she said we are free to look up the corporate political filings for ourselves. We asked if they were worried about losing business. She didn't seem too concerned about that.
One hand washes the other. US Rep. Barney Frank (left) and Fidelity Investments chairman Ned Johnson (right)
Carlos Slim, Mexican tycoon, owns NY Times. He supported Obama, opposes border security, and support drug legalization just like Soros, despite the fact that over 40k innocent civilians have died at the hands of cartels. Many in Mexico know Carlos Slim is dirty, while average Mexicans became poorer, Slim became wealthier, with monopoly government Telecom contracts. The criminal cartels extorted anyone with money, but Slim was always untouchable. Rockefeller's assets are practically untraceable, so are Carlos Slim's. Airlines and Airports he financed are notorious drug routes.
Fidelity Owns TIME Magazine, which helps explain why the media embraced the fact that Obama's biggest individual donor is a convicted felon in EU, who is known as the "Scourge of Asia" in Asia, known as the "Man who broke the Bank of England" in for money manipulation in Britain, and s rumored to have a warrant out for his arrest in Russia, all because his crony capitalism has its infamous tentacles across the globe. Soros, a simple man with a simple goal: world without borders, ruled by Soros. http://macedoniaonline.eu/content/view/16832/2/
Carlos Slim, Mexican billionaire, NY Times owner, Univision US Latin Television owner, and Obama supporter "making millions from American government program that gives poor free cell phones" By October 2012 http://www.dailymail.co.uk/news/article-2215966/Mexican-billionaire-making-millions-American-government-program-gives-poor-free-cell-phones.html
Rumors of Slim and drugs are rampant in Mexico, few dare to say this. http://www.madcowprod.com/02032009.html
"Slim and his family are the largest shareholders, after members of the company's founding family, in what's arguably the most influential news organization in the United States." Slims reputation for corruption is also well known in Mexico, and even the US media wonders why Slim has never been questioned for his profits from government concession monopolies that hurt mostly the poor. http://www.realclearmarkets.com/articles/2013/03/12/for_155m_did_carlos_slim_buy_silence_from_the_times_100195.html
Every legitimate business in Mexico has been a victim of criminal extortion, many have been driven out of the country, and despite the fact the it is estimated that at least 45,000 Mexicans have died from the drug cartels, Carlos Slim, advocates "drug legalization". Despite recessions Slim's wealth increases. Neither major trafficking, or selective success, happens in Mexico without corruption.
Few media had the courage to question dubious alliances of US media purchased by questionable clients. http://seattletimes.com/html/editorialsopinion/2008673366_editb27slim.html
Banking Magnate Rockefeller is hiding behind Soros, and all Wall Street Banks are illegally Laundering Drug Money with Impunity. http://www.globalresearch.ca/money-laundering-and-the-drug-trade-the-role-of-the-banks/5334205
House Votes to Allow Marijuana Related Banking 7/16/2014 http://abcnews.go.com/Health/wireStory/house-supports-easier-marijuana-related-banking-24588337
Wall Street has given more to Obama's Political Campaign than Any Other Politician in History. https://m.youtube.com/watch?feature=player_embedded&=&v=zt3vwWfP-EA
The people who own the world's wealth are controlling this country. The problem is that they are pushing cheap, pure, heroin on this nation, and American children are at risk.
Mexican Cartels Buying Afghan Heroin http://www.banderasnews.com/1101/nr-afghanheroin.htm
Rockefeller is Outed as a Soros Ally in the Drug Legalization Scheme in Latin America Illuminati Billionaires Love Marxists & Marijuana Http://henrymakow.com/2013/09/Illuminati-Billionaires-Love-Marxists-Marijuana.html#sthash.UZwooUp2.dpuf
Obama's America: Heroin Becomes Cheaper and More Available July 2014 http://www.statesmanjournal.com/longform/news/crime/2014/07/20/heroin-becomes-cheaper-available/12906981/
"The horrific toll of America's heroin 'epidemic" http://www.bbc.com/news/magazine-26672422 America's Heroin Epidemic -BBC 2014
He's still running for orifice? I thought he retired and went homo, er, uh......
Gads, you scared me that the ‘Queen’ was running again!
Fidelity will never see a penny from me, ever. And to think I once asked for a prospectus for one of their funds. Never bought anything from them, never will.
I dropped Fidelity from my portfolio many, many years ago. ‘Glad’ I did! :)
The article is dated May 5, 2009. So it appears to be a bit dated...
Thanks for the info.
I currently have Fidelity for my present position.
Give me ‘till the end of the week.
How did you arrive at “Fidelity owns Time Magazine?” As far as I can determine, it’s still owned by TimeWarner.
FMR LLC is Fidelity. They are the largest institutional holder of Time Magazine.
FMR LLC 03/31/2014
The article is very dated, but remember Obama, the fool from nowhere was elected is 2008.
How did he get elected? It’s ridiculous that the media ignored the fact that he had ALL his records sealed.
It’s ridiculous that the media have ignored everything that has happened since he was elected. I never believed it before, but there is NO DOUBT that the recipient of the largest amounts of Wall Street donations was bought and paid for by someone.
It happens all the time in Latin America and around the world.
My portfolio at Fidelity has been kicking butt as compared to my others at JP Morgan, ML and SWS. Plus, their software is the best of the bunch.
Fidelity gets the message though. A lot of their employees of their subsidiary got snuffed in the Malaysia air disaster a few months ago. About 28 Chinese computer experts died when the Malaysian aircraft disappeared.
Obviously this is not a new story, although curiously the poster takes care to not include any dates the story was published.
Maybe the bigger story is that Barney only got $28K, chump change in current campaigning.
Good for you.
No, Fidelity does not own Time Magazine.
Look at your link. You are pointing to the institutional investment page for YAHOO, not Time. And no, Fidelity doesn’t own Yahoo either. As an institution, through pensions it manages and mutual funds it sells, Fidelity owns about 8% of Yahoo.
The date of this article is in the headline. It was posted as 2009 date. I assume people know that the article date is posted in the headline -sorry. i’m simply trying to look at the big picture here.
JFK gave a dire warning to the press in April 27, 1961. Again the date was 1961.
“For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence—on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.”
The President and the American Newspaper Publishers Association
President John F. Kennedy, Waldorf-Astoria Hotel, New York City
Fidelity is the largest institutional shareholder of Time Magazine. If Fidelity is a privately run financial institution, then it’s safe to say that Abigail Johnson, has influence in Time. The same applies to Carlos Slim and the NY Times.
(Click on any link of your choosing to see who the largest shareholders of Time and any other major media outlets are.)
So given that this privately help company has almost $5 TRILLION in assets, it is very important to see what they are doing. Given that they have so much money, it is almost impossible. I think we really need to pay attention to what is going on with these Banksters.
Soros is peanuts compared to these people, and it is likely that Soros is working for someone(s). My guess is Rockefeller, but the reality is, they are all working together. Rockefeller is Outed as a Soros Ally in the Drug Legalization Scheme in Latin America “Illuminati Billionaires Love Marxists & Marijuana”. It is a confirmed fact the Latin Americas first president to officially legalize drugs, met with Rockefeller and Soros in 2013 to have his drug distributions plans “blessed” by them. It was reported in Uruguay’s spanish speaking press.
The article is key because it points to who these elitists are supporting, and how the lowest forms of life get elected. It points to collusion among the rich and powerfull at least from my perspective.
Given that the media is in the hands of few people, and that Wall Street has given Obama more than any other president in history, it is a reminder of who is pulling the strings and the level of deception that is possible.
Few people know of Carlos Slim’s involvment with NY Times, and the reality is that few people know who these people are and what they own. Carlos Slim has holdings in Airlines, Banks, and Airports. I have no doubt he is a part of the drug trafficking cartels around the world. Think about the fact that EVERY major Wall Street Bank has been caught laundering drug money. The weren’t caught by the SEC, they were caught by private law suits, or private whistle blowers. They act with impunity.
JP Morgan and Rockefelker Joined forces forming JP Morgan Chase in 2000. JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States, with total assets of US$2.515 trillion.
Rockefeller and Rothschild Joined Forces in 2012.
‘The extent of the Rothschild-Rockefeller relationship has been shrouded in ignorance, mystery, obfuscation and confusion displaying both the intellectual cowardice of esteemed academic researchers and biographers and the imbalanced ideology of those who conclude conspiracy without a presentation of actual facts and proper interpretations.’
David Rockefeller’s own words show that he has a God Complex in my opinion. I find his disdain for humanity chilling.
I’m so sorry I have adult ADD for sure. The premise still sticks.
JP Morgan Chase the largest institutional shareholder. (major money launderers) And Fidelity in #9.
Your analysis of Fidelity and Time is not supported by the facts.
Time has 110,262,000 shares of stock outstanding. As of 3/31/14, Fidelity, as an institution, owned 2,775,461 shares, or 2.5% of the outstanding shares. Eight institutions owned more shares. JP Morgan Chase, with 5,939,519 shares, only owns 5.4% of the shares.
You may speculate til the cows come home, but your assertion that Fidelity, with a 2.5% stake in Time, controls Time magazine, will only convince the conspiracy nuts who want to believe that leap in logic.
The article is from 2009. Don't know why it's posted with today's date.